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Nasdaq · Technology

Meta Platforms, Inc. (META)

As-reported financials and SEC filings for Meta Platforms, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Meta Platforms, Inc.

Meta Platforms, Inc. develops technology products that enable people to connect, share, and build communities through mobile devices, personal computers, virtual reality headsets, and AI glasses. Its main offerings include social media apps like Facebook, Instagram, Messenger, Threads, and WhatsApp, as well as virtual reality devices such as Meta Quest and AI-powered wearables like Meta AI glasses. Meta serves individual users, creators, businesses, and advertisers worldwide by providing platforms for communication, content sharing, and digital advertising.

Snapshot

Revenue
$200.97B
Revenue growth (YoY)
22.2%
Net income
$60.46B
Diluted EPS
$23.49
Gross margin
82.0%
Operating margin
41.4%
Net margin
30.1%
FCF margin
22.9%
ROE
27.8%
net income / fiscal-year-end equity
P/E
24.6×
trailing when available, otherwise FY EPS
Market cap
$1.67T
Long-term debt / equity
0.27×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Meta Platforms

  • Revenue grew 22.2% to $201.0B in FY2025, in line with the 21.9% the year before.
  • Operating margin is 41.4% in FY2025, +1.8 pp against 39.6% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $60.8B, up 28.0% from Q2 FY2025.
  • Free cash flow was $46.1B in FY2025, 22.9% of revenue.
  • Net income fell 3.1% to $60.5B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Meta Platforms’s fundamentals sit among the 332 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin82.0%
89th percentile of 264
Operating margin41.4%
97th percentile of 303
Net margin30.1%
92nd percentile of 307
FCF margin22.9%
71st percentile of 285
Revenue growth (YoY)+22.2%
76th percentile of 325
ROE27.8%
86th percentile of 285
P/E24.6×
48th percentile of 168
Long-term debt / equity0.27×
37th percentile of 127
Short interest1.94d
28th percentile of 329

Meta Platforms’s operating margin of 41.4% ranks in the 97th percentile of the 303 software companies reporting it. Meta Platforms’s net margin of 30.1% ranks in the 92nd percentile of the 307 software companies reporting it. Meta Platforms’s gross margin of 82.0% ranks in the 89th percentile of the 264 software companies reporting it.

No reported insider purchases (code P) in the last 90 days; 84 insider sales totaling $26.4M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 24 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
24
+7 quant / multi-strat
Initiated / added
14
2 new, 12 added
Reduced / exited
17
16 trimmed, 1 exited
Combined position
$21.44B
reported long value
InvestorAs ofPosition valueSharesChange
Dodge & CoxQ2 2026$3.66B6.5MAdded
D. E. ShawquantQ2 2026$1.91B3.4MAdded
First Eagle Investment ManagementQ2 2026$1.81B3.2MAdded
Tiger Global ManagementQ2 2026$1.59B2.8MReduced
Pershing Square Capital ManagementQ1 2026$1.52B2.7MReduced
Coatue ManagementQ2 2026$1.42B2.5MReduced
AQR Capital ManagementquantQ2 2026$1.21B2.2MAdded
Renaissance TechnologiesquantQ2 2026$1.14B2.0MAdded
Viking Global InvestorsQ2 2026$1.05B1.9MAdded
Altimeter Capital ManagementQ2 2026$763.3M1.4MReduced
Millennium ManagementquantQ2 2026$731.9M1.3MReduced
Citadel AdvisorsquantQ2 2026$631.1M1.1MReduced
Sands Capital ManagementQ2 2026$546.3M969.9KReduced
ValueAct CapitalQ2 2026$515.8M915.7KHeld
Maverick CapitalQ2 2026$430.4M764.0KNew
AppaloosaQ2 2026$380.2M675.0KAdded
Two Sigma InvestmentsquantQ2 2026$377.1M669.4KReduced
Point72 Asset ManagementquantQ2 2026$319.9M567.8KReduced
Whale Rock Capital ManagementQ2 2026$256.9M456.0KReduced
Polen Capital ManagementQ2 2026$185.6M329.6KReduced
Giverny CapitalQ2 2026$170.6M302.9KReduced
Corvex ManagementQ2 2026$157.7M280.0KAdded
ARK Investment ManagementQ2 2026$134.6M239.0KAdded
Markel GroupQ2 2026$131.9M234.2KReduced
Hound PartnersQ2 2026$102.0M181.0KNew
Ruane Cunniff (Sequoia)Q2 2026$86.9M154.3KReduced
Gotham Asset ManagementQ2 2026$80.2M142.3KAdded
Bridgewater AssociatesQ2 2026$62.0M110.1KReduced
Wedgewood PartnersQ2 2026$43.1M76.5KAdded
Soros Fund ManagementQ2 2026$12.3M21.8KReduced
Harris Associates (Oakmark)Q2 2026$2.6M4.7KAdded

No longer held by: Third Point (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
84
$26.4M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-08
filed 2026-09-10
Olivan JavierChief Operating OfficerSell855$616.32$527K
2026-09-08
filed 2026-09-10
Olivan JavierChief Operating OfficerSell555$617.28$343K
2026-09-08
filed 2026-09-10
Olivan JavierChief Operating OfficerSell529$618.18$327K
2026-09-08
filed 2026-09-10
Olivan JavierChief Operating OfficerSell473$616.79$292K
2026-09-08
filed 2026-09-10
Olivan JavierChief Operating OfficerSell354$615.88$218K
2026-09-08
filed 2026-09-10
Olivan JavierChief Operating OfficerSell328$616.06$202K
2026-09-08
filed 2026-09-10
Olivan JavierChief Operating OfficerSell328$616.06$202K
2026-09-08
filed 2026-09-10
Olivan JavierChief Operating OfficerSell304$618.00$188K
2026-09-08
filed 2026-09-10
Olivan JavierChief Operating OfficerSell262$615.23$161K
2026-09-08
filed 2026-09-10
Olivan JavierChief Operating OfficerSell258$612.99$158K
2026-09-08
filed 2026-09-10
Olivan JavierChief Operating OfficerSell228$616.06$140K
2026-09-08
filed 2026-09-10
Olivan JavierChief Operating OfficerSell200$614.49$123K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
28.0M
settled 2026-08-14
Change vs prior
-10.8%
vs previous settlement
Days to cover
1.94
at avg daily volume
Avg daily volume
14.5M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1428.0M-10.8%1.94
2026-07-3131.5M-16.9%1.84
2026-07-1537.8M+9.7%1.61
2026-06-3034.5M+15.0%2.02
2026-06-1530.0M-7.1%1.48
2026-05-2932.3M+0.4%2.19
2026-05-1532.1M+10.9%2.14
2026-04-3029.0M+9.5%1.83

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$200.97B$164.50B$134.90B$116.61B$117.93B
Gross profit$164.79B$134.34B$108.94B$91.36B$95.28B
Operating income$83.28B$69.38B$46.75B$28.94B$46.75B
Net income$60.46B$62.36B$39.10B$23.20B$39.37B
Diluted EPS$23.49$23.86$14.87$8.59$13.77

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$115.80B$91.33B$71.11B$50.48B$57.68B
Capital expenditure$69.69B$37.26B$27.05B$31.19B$18.69B
Free cash flow$46.11B$54.07B$44.07B$19.29B$38.99B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$60.80B28.0%$15.85B$6.18
Q1 FY2026$56.31B33.1%$26.77B$10.44
Q4 FY2025$59.89B23.8%$22.77B$8.89
Q3 FY2025$51.24B26.2%$2.71B$1.05
Q2 FY2025$47.52B21.6%$18.34B$7.14
Q1 FY2025$42.31B16.1%$16.64B$6.43
Q4 FY2024$48.38B20.6%$20.84B$7.98
Q3 FY2024$40.59B18.9%$15.69B$6.03

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryServices-Computer Programming, Data Processing, Etc.
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2024
SEC CIK1326801

Selected SEC filings

10-K2026-01-29
View on EDGAR →
10-K2025-01-30
View on EDGAR →
10-Q2026-07-30
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
10-Q2025-10-30
View on EDGAR →
10-Q2025-07-31
View on EDGAR →
8-K2026-07-29
View on EDGAR →
8-K2026-05-29
View on EDGAR →

Largest software peers

All software stocksAll Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.